General

While Iceland has thriving fishing and allied industries and is a leading exporter of fishing products, the salmon sea fish farming business is relatively new. This segment of the fishing industry went through a complete cycle of getting established and failing and making a comeback thanks to some companies from Norway. Even today there are commercial salmon farms in Iceland

Iceland has become an attractive destination for many things. It already has film making units landing in droves to shoot their films and shows. Many other business sectors have been opened up by the Iceland government for foreign investors to come and set up base. The real estate sector has also seen healthy growth with a lot of people willing

Multiple factors have pushed Iceland as a favorite destination for biosciences and biotechnology companies. The Nordic country appears to present the right conditions for setting up research units and carryon production in this sector. If you prepared a list of requirements for setting up biotech companies and start ticking the boxes against each of the listed items, most boxes in

Office Space in Iceland Iceland’s and in particular Reykjavik’s landscape has undergone a huge transformation in the past few years. The country has economy did suffer a setback in 2008 when there was a global meltdown, but after that, it has not turned back. Foreign investors are setting up their operations in Iceland and there are many Icelandic business

With the total population hovering around 350,000 to 400,000, wholesales in Iceland may sound paradoxical. There is however a concentration of the population in the capital Reykjavik alone. This does give the scope for products to be purchased or imported at wholesale rates and then distributed down the line to the retail counters. There are suppliers to the industries who

The term you will often hear when payroll in Iceland is discussed is ‘collective bargaining’. It works here since most organizations will find that the employees are comfortable negotiating their compensation and employment benefits as a group rather than individually. Collective agreements are entered into between the employers and the staff unions. It has to be added here that there

Supply chain is a critical component in the management of any business or organization. As a specialist function, supply management has emerged as an integrated system in the past few decades. Before that, there used to be the disjointed areas of procurement or buying and transportation. In the present context, supply chain encompasses the entire route from the sourcing of

Carbon emission is an important element in global climate change and other environment-related discussions. Every government and private enterprise is working towards reducing the amount of carbon dioxide being let off in the atmosphere. Iceland has consistently supported green energy initiatives and it comes as no surprise that a project for carbon recycling in Iceland has gone on stream last

Almost every country in the world wants foreign firms particularly large transnational corporations to make investments in their economy. It leads to job creation, one of the critical inputs for any economy to grow. However, large organizations have their own dynamics that hold them back from directly recruiting all their employees in a new country they invest in. This is

You may be surprised to learn that Iceland does not have an army in the full sense of the term. Its sea borders are secured by the Icelandic Coast Guard and there are naval aircraft to secure the skies. But that does not mean the country is defenseless. Iceland is a member of NATO and this association entitles the country